Metal Pay

Pay your friends and get up to 5% back in crypto.

#4 Product of the DaySeptember 15, 2018

Metal Pay allows people to instantly send money to friends & family with just a phone number and rewards them with some cryptocurrency for each transaction — think next-generation Venmo or Paypal. These rewards, called "Pop," are delivered in Metal's cryptocurrency MTL and can be immediately converted into dollars or sent to another Metal Pay user.

  • Paul Millar
    Paul MillarSoftware Engineer @ Venuemob

    Don't know


    Every comment on this hunt is a shill. Didn't even try make their users look legit (1 upvote of all time, on this hunt).

    I've had the idea to do payments with my housemates in crypto, so this piqued my interest, but this is shady. Not a great way to establish trust, and I'd say that's fairly important if you're in the business of handling people's money.

    Paul Millar has never used this product.
  • Stanislaus Kaczkurkin
    Stanislaus KaczkurkinOffset Printing Industry Experience

    Fast Payments, Send Cash to friends and YOU and YOUR FRIEND get paid for it, up to 5% rewarded. Cash out at anytime. Free App to use!


    Only available in 34 states as of 9-17-2018 but expanding territory soon! Read the Terms of Service for more details.

    You will be required to enter your SSN in during signup. This is because Metal Pay is FDIC insured, unlike Venmo and Cash to my knowledge. Sign up process is easy and straightforward. App and UI is very beautiful.

    I checked off 1 month usage as I was an Alpha Tester and seen what this app is capable of during alpha testing. Pennsylvania is not on the list of 34 states so I cannot verify the final product, but the Alpha was something to envy. Metal Pay Rocks!

    Stanislaus Kaczkurkin has used this product for one month.
Congrats on the launch! I’m already a big fan of the Crumbs app. Looking forward to using Metal.
Hey @kenanp, @jfatora, @marshallhayner & @kg_3, Can you tell us more about what you've built here? What aspect of this product are you most proud of?
@kenanp @jfatora @marshallhayner @jacqvon We are very excited about getting people rewarded for something they already do.. paying friends! At the same time, we’re showing them cryptocurrency in a low risk way and getting them into using it everyday.
@kenanp @jfatora @kg_3 @jacqvon Metal Pay represents the next generation of payments applications. Fiat currency alongside crypto, PoPP (proof-of-processed-payment) which is a minting mechanism for cryptocurrency. I would say I'm most proud of PoPP and our stunning design. I know this last one isn't an aspect of the product, but I'm incredibly proud of my amazing team!!! 🔥🤘🙌
For a first release the app is pretty neat and simple, a good foundation to built upon, looking forward to see next releases ! Also for once we have a crypto app where we don’t have to deal with wallet addresses... Good job Metal Payment team !
Update : so while the app is well made, the major feature is not working for me, I have been sending money to my wife but I haven't received any Pop rewards yet. Not sure what I am doing wrong here or did I misunderstand this particular feature ??
How do you plan to make it profitable?
@aditianhacker We are using our discover section as a market place for not just crypto, but any business who wants to reward or interact with our user base.
@aditianhacker From what I hear they were already generating revenue before the app came out! Pretty cool stuff
Very interesting and would love to see it launch in Canada, where we are desperately lacking a payment app like Venmo, Metal Pay (we have e-transfers through banks, but some charge a $1 fee). @kenanp @marshallhayner @jfatora @kg_3 @sid_parihar curious to know what measures you have in place to keep users from exploiting the reward system? Given that there's no fees to send money and you earn Metal crypto every time you send money, I'm assuming 2 or infinitely more users could team up to send each other cash to infinitely earn rewards while ending up with the same amount of fiat they started with.
@kenanp @marshallhayner @jfatora @sid_parihar @aaroniclee Definitely something we’re monitoring with different algorithms. We don’t want people cycling payments to each other and taking all the rewards. We reserve the right to drop someone’s pop reward from the whole 5% to 0% for abusing the system. On the other side, those great users can increase their pop “score” by sharing the app and making regular payments to friends.
@kenanp @jfatora @kg_3 @sid_parihar @aaroniclee This is a great question and one we commonly get asked! Cycling or spinning payments to earn MTL is discouraged and will cause your ability to earn drop lower until you eventually hit zero.
@kenanp @marshallhayner @jfatora @sid_parihar @kg_3 Thanks for the answer, Kristal and Marshall. Any plans to launch in Canada?